Albany, NY, April 06, 2016 (GLOBE NEWSWIRE) -- The global blood plasma market is on the course to charting a steady growth graph, says a latest report available on MarketResearchReports.biz. The report states that the rapidly graying population worldwide will contribute heavily to the growth of this market. The findings of the report indicate that the global blood plasma market will register a double-digit CAGR of 10.54% through the report’s forecast period, which ranges from 2015 to 2020.
Blood plasma is the straw-colored liquid component of blood. Blood cells exist in a state of suspension in blood plasma, which thus acts as the extracellular matrix for white and red blood cells and platelets. Plasma is primarily composed of protein and salt. Blood plasma is a crucial component in helping the body combat different diseases, which explains why healthcare institutions promote blood plasma donation drives.
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As more individuals are diagnosed with clotting deficiencies and immunodeficiency, spending on blood plasma will increase, the report notes. The market is not concentrated in any one region given the sizeable demand for blood plasma from different regions worldwide. This growth trend will be duly supported by intensive research and development efforts that are being undertaken to launch new blood plasma products. These factors will collectively fuel demand for blood plasma and lead to greater awareness about the same in the next few years.
According to the report, the blood plasma market will receive a boost from the development of new indications and rising healthcare expenditure, but will also face challenges in the form of the preference for recombinant factor VIII and the high cost of maintaining the highest level of safety. The report also notes that the increasing demand for albumin in China will lead to several new growth opportunities for companies in the global blood plasma market. High profitability is also predicted in the immunoglobulin segment.
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The report studies the albumin type blood plasma market, IVIG type blood plasma market, and factor VIII type blood plasma market. Each of these segments are projected on the basis of both value and volume. Moreover, the regulatory landscape of the global blood plasma market is studied in great detail in the report. Trade data related to blood plasma is also studied to give readers and insight into the top five nations for: import volume, export volume, export by value, and import by value.
Among the leading players profiled in the blood plasma market research report are: Baxter, CSL Behring, Octapharma, and Grifols SA.
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